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» Chronological View: " Central Europe " «

Globalworth completes €139m deal in Krakow with Starwood Capital Group

Globalworth Poland purchased Quattro Business Park complex in Kraków for €139 million, which is the largest acquisition so far in the company’s history. Following this transaction, Globalworth becomes the largest institutional office investor and landlord in Poland with over 290,000 sqm of owned office space on the local mark...
Friday, 22. June 2018

BNP Paribas REIM buys Amazon e-commerce centre from Panattoni

BNP Paribas REIM has acquired on behalf of Vestas Investment Management the second largest e-commerce centre in Europe: The Amazon logistics distribution centre in Kolbaskowo near Szczecin #link(45158)#. It is the first acquisition of Vestas European Logistic Fund that aims to invest further €250 million in European Logistics...
Friday, 22. June 2018

Vonovia: Successful takeover offer for Buwog

The voluntary public takeover offer by Vonovia SE to all shareholders of Buwog AG has ended successfully. The extended acceptance period lapsed on 18 June 2018, 17:00 hours (CEST), in the course of which additional shares were tendered into the takeover offer. Furthermore, Vonovia has acquired Buwog shares on the market and b...
Thursday, 21. June 2018

BrickVest announces first close of Harvest Investment 5

BrickVest today announces the first closing of Harvest investment 5, a managed real estate Alternative Investment Fund focused on Swiss income producing real estate investment opportunities. HV5 has been developed in partnership with Acron AG. According to the asset manager, HV5 is a core investment strategy aiming to produce...
Thursday, 21. June 2018

Commerz Real sees Eurotheum in Frankfurt fully leased out

Commerz Real has leased out the final 800 square metres in the Eurotheum office ensemble in Frankfurt am Main to Imaxx Real Estate Group and to the investment manager Capital Group. Thus the former seat of the European Central Bank (ECB) is once again fully occupied. Following the departure of the ECB in 2015 the office tower...
Wednesday, 20. June 2018

Alstria office secures new tenant for its development asset „Momentum“ in Düsseldorf

Alstria office REIT-AG has announced the signature of another new lease in its development asset „Momentum“ in Düsseldorf. With the signature of another sizable new leasing contract the company can report on further progress in its development project „Momentum“ (Am Wehrhahn 33, Oststrasse 10, Düsseldorf). The new tenant will...
Wednesday, 20. June 2018

Strong growth in property funds managers in 2017

The average assets under management (AUM) of property fund providers increased significantly in 2017, rising from €13.6 billion in 2016 to €16.7 billion at the end of 2017. This corresponds to an increase of around 22 percent. According to the “ANREV / INREV / NCREIF Fund Manager Survey 2018” published by INREV at the end of ...
Wednesday, 20. June 2018

Vonovia hits major hurdle at Victoria Park takeover

The public takeover offer from Vonovia SE to the shareholders of Swedish residential property company Victoria Park AB has been successful. As communicated in a formal announcement earlier today, Vonovia exceeded the minimum acceptance threshold set as condition for closing of the take-over bid for Victoria Park of more than ...
Wednesday, 20. June 2018

Germany’s „Unternehmensimmobilien“ overcome their exotic status even abroad

On the US and UK real estate markets, light industrial properties are nothing exotic but have been established for a long time and remain a popular investment objective then as now. The German “Unternehmensimmobilien” category of multi-use and multi-let commercial real estate has caught up lately, and the massive portfolio ac...
Tuesday, 19. June 2018

M7 Real Estate signs six new tenants at Zagreb's Mani Business Centre

M7 Real Estate (M7) has agreed six new lettings across circa 5,000 sq m of space at Mani Business Centre in Zagreb, Croatia. As a result of M7’s turnaround strategy for the property, the number of tenants has increased from 12 to 19, significantly improving the occupancy to 91% from 54% on acquisition. New tenants include a w...
Tuesday, 19. June 2018

GIEAG’s General Meeting resolves a dividend of €0.36 per share

Yesterday the general meeting of GIEAG Immobilien AG approved all of the points on the agenda with majorities of more than 99.5% of votes cast. The items approved include payment of a dividend of €0.36 for fiscal year 2017. Philipp Pferschy, GIEAG’s CEO explained the company’s strategy of developing residential and commercia...
Tuesday, 19. June 2018

FAP launches Germany-focused Real Estate Debt Funds

With “FAP Balanced Real Estate Financing I” this week a new real estate debt fund is being launched for mezzanine loan financing of portfolio properties, revitalisation projects and project developments in Germany, as well as selectively in the Netherlands and Austria.
Tuesday, 19. June 2018

Tricity’s office supply hits 45,690 sqm in the first quarter of 2018

Following the completion of the 35-floor Olivia Star office building (45,690 sqm, Olivia Business Centre), Tricity’s new office supply hit 45,690 sqm in the first quarter of 2018, according to the “Occupier Economics: Tricity Office Market in Q1 2018” a report published by Cresa. Office take-up amounted to 13,400 sqm.
Tuesday, 19. June 2018

Patrizia acquires portfolio of premium care homes and apartments

Patrizia Immobilien has acquired a portfolio of two newly built care homes including serviced residential units in the German state of Lower Saxony for its ‘Patrizia Pflege-Invest Deutschland I’ fund. The properties, located in Cloppenburg and Wildeshausen, offer a total of 287 full-care home places and 35 day care places as ...
Tuesday, 19. June 2018

Construction starts at Panattoni Park Warsaw South

Right after completing Panattoni Park Warsaw West V two weeks ago , Panattoni Europe symbolically commenced the construction of the new distribution centre Panattoni Park Warsaw South. Its first tenant is CTDI, for whom the developer will deliver a 14,500-square-metre facility in the BTS formula. The first sod was turned on 1...
Monday, 18. June 2018

Park Inn by Radisson Danube Bratislava to reopen

Park Inn by Radisson plans to re-open the Park Inn by Radisson Danube Bratislava after an extensive renovation over the last two years. The hotel is located in the heart of the historic center, near to Bratislava Castle and the Danube River. The hotel features 240 rooms and suites, including family accommodation and fully acc...
Monday, 18. June 2018